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20121222
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CNBC
Dec 28, 2012 2:00pm EST
. what people don't seem to get is 250 under clinton is not 250 today. it will capture about twice as many taxpayers. you can't make the historical reference. >> no, you're exactly right. you know, when the government deals with their public pensions and their unions, do they ever forget to inflation adjust? of course not. but look at two times they failed to. when we hear going back to the clinton tax rate of 39.6 in '93. 250 grand threshold in today's dollars will be about $165,000. a 35% miss. what's even worse is obviously you've herd it a million times, brian, and you've talked about it in the first person, that 250 grand isn't a million but it's become synonymous to this administration. in all these instances i cried pinocchio. it just isn't right. and i'm not saying i advocate higher taxes because whether it's the 2% or the 98, i don't think it benefits. but they are playing fast and loose with numbers and they know better. >> but that may be why the president is willing to deal with that $400,000 year figure we have floated, because 250,000 back in '93 when clinton raised rate
CNBC
Dec 28, 2012 6:00am EST
really the politics of taking things away. used to be you could go back to clinton and gingrich. they wanted to come to accommodations, they both got what they want. now boehner wins, obama loses, obama wins, boehner loses, we're not good at these politics. but the zero growth premise will have long-term implications for investors potentially. >> usually not--the globalization makes it tough. but with the thing that's scary about globalization, there's also 2 billion consumers that are going to buy coca-cola and levis, even though we've got to bring a lot of people into the middle class. you can look at it, there's good and bad. >> i could argue both sides. >> we got to go. comments questions, anything you see on squawk e-mail us @squawkcnbc.com. you can also follow us on twitter. coming up, beyond the fiscal cliff, 90 new members of congress are on the way to washington and the new year. we're going to what the new makeup of capitol hill will mean for taxes, spending and everything else. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it
CNBC
Dec 26, 2012 6:00am EST
clinton level tax rate. >> that's all ware doing and you can res tro actively fine tune the things you don't like about what's going on. >> stop worrying. happy new year. >> happy new year, you and natasha and the schlossbergs. >> coming up, the major financials showing growth in 2012. can they expect a tougher business environment in the new year? we will break it down next. and then the impact on the insurance market and we will talk to eric dinallo, the former new york insurance superintendent. >> my name is allen shortal founder of this corporation. if the fiscal cliff doesn't get resolved no question the u.s. economy will go into recession. we closed down our manufacturing in china and relocated it in the usa. for other companies to follow our lead, they need to trust our leaders in washington will actually lead. think outside the box, great incentive for businesses to invest in the u.s. economy. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams
CNBC
Dec 21, 2012 7:00pm EST
virginia tech shooting, and president clinton actually put lots of cops in schools during his time in office through the cops in schools program. especially after columbine, he allocated even more money for that. this is an idea that not only helps prevent mass shootings, but also goes to the point criminals will always be in existence. there are always going to be criminals in society. they've always been there and always will be. >> karen finney, i don't know what's wrong with puts cops in schools. i'm going to go further. i know i'm a conservative, but i'm deeply troubled by these automatic weapons and deeply troubled by these 100-bullet magazines people carry around. and at the very least, what i'm suggesting, karen, is the background checks and the documentation has to be vastly greater than it is. vastly larger, and that includes the mental illness part, we're going to do it in the next segment. there are millions of documents that never entered the process for determining who is mentally ill. >> here's part of the problem. ask this is part of the reason that i think he's receiv
CNBC
Dec 24, 2012 9:00am EST
-year bond. some day, remember, look at the clinton years, almost an 8%. that's when you could talk about clinton era tax rates. but boy, look at those clinton era savings rates that the savers were getting. if you look at dollar/yen, it's having another great day, on its way to 85. 20-month high. if you read all the comments and stories this weekend about abe in japan, and today he's in the "wall street journal," he wants it to go to 90. he thinks there's definitely a war going on in the foreign exchange markets. he's probably right. let's look at the euro currency. hovering at an eight-month high. there's probably going to be excitement there. one thing i can tell you is the boon in the euro, big trade in the last couple of weeks. melissa lee, back to you. >> they certainly have. rick santelli, thank you. the fiscal cliff talks also weighing on the energy markets. let's go to bertha coombs at the nymex. >> we are seeing a little bit of a pullback here when it comes to brent futures, and also across the board pretty much in energy today. not what you would necessarily expect with t
CNBC
Dec 27, 2012 4:00am EST
just -- >> that is so. but clinton did quite well but only because ross perot was running. very complicated. in terms of it being a national figure, someone reaching across the aisle, you haven't seen that. one of the things that h.w. did while he was in office, he he cut a budget deal raising some taxes with some republican support. >> and that's what made his legacy as a one-term president. >> and that's what killed him. but he was at that turning point when conservatives were no longer willing to accept that. conservatives didn't complain so much earn him. so things were changing the the point being we've moved on from that period in which you can have that sen trit government leadership. >> views have changed. it does look like we could be headed over the cliff. we don't have much time left. we'll see retroactively if that allows for a deal to be reached. >> yes. >> tim stanley, going through all of this with us. an author, as well. >> merry christmas. >> and to you. >>> now, former u.s. president is. >> intensive care at a houston hospital. the 88-year-old was moved to the
CNBC
Dec 28, 2012 9:00am EST
revert to where they were in the clinton years and remember that only affects half of the taxpayers in the country because only half of the people pay income tax so it's not 97%. it's actually only the top half. and that may not be so -- such a bad consequence from his point of view. it also brings in a significant amount of revenue, which allows him to spend in the way that i think he'd like to do, so it could take a good bit of pressure off of him and, you know, i'm just concerned that he may not feel the same pressure to keep taxes low as the rest of us do. he probably is not a believer that high tax rates would impede the economy at least not to the same extent that i believe that. >> yeah. finally, you know, a lot of the bulls who are encouraging investors to get into the market over the next 12 months say that cap x would come back even with a band-aid, that companies with all their cash and their refinancings have money to spend and that they will spend it in the new year. are you seeing any empirical evidence that suggests that is actually so? >> well, i'm not sure that is the
CNBC
Dec 26, 2012 7:00pm EST
no one has heard any words from hillary clinton lately. the state department tells us she is still recovering from the flu and concussion. but this isn't like her. is this her illness worse than we know? or is something else going on? first, though, the journal news is the newspaper for new york suburban westchester county. that paper is becoming the news all by itself after it decided to publish the names and addresses of all of the known gun permit holders in its readership area. the paper justifyding publication, the statement saying the massacre in newtown remains top of mind for many of our readers. in the past week conversation on our opinion pages and website has been focus order gun control. readers are understandably interested to know about guns in their neighborhoods. we obtained the names and addresses of westchester and rock land residents that are licensed to own handguns through routine freedom of information law public records request. here now is david, huffington post publisher blogger and lenny mccalter, contributor for the chicago defender. good to have you here
CNBC
Dec 24, 2012 6:00am EST
, is returning to clinton tax rates, basically, right? >> what we're talking about -- >> that's the armageddon that we're talking about is returning to clinton -- >> you're not rising above now. now you sound a cliff jumper now, known. which are you? >> all i'm saying is that -- >> here's the deal -- >> to deal with these issues, we can deal with them in between christmas specials. >> the only problem is you're returning to president clinton tax rates, you're not returning to president clinton spending. and you have $16 trillion in debt. all of which, 60% of it matures in the next three years. so this is -- this is so much more of a precarious position, and -- >> so that should have a less impact. >> here's what this requires -- >> -- on the markets and on the economy. >> here's what this requires, guys, ultimately. this president doesn't ever have to run for election again, for anything. right? what this requires are a group of men and women on capitol hill who will stand up and say, i'm going to go head, and i'm going to put my own political future at risk, do what will move us fo
CNBC
Dec 26, 2012 2:00pm EST
during the clinton era, it was praised? >> well, people don't have the home equity they had back then and they don't have the stock market wealth they had back then. >> costs have gone up. >> inflation, inflation has -- look at how much gas costs now compared to what it cost back then. food is a lot more expensive. look, the economy is buckling under the weight of all this government. no, i don't think americans can afford it. that's why we have to slash government spending. the nation is broke. >> but peter, peter, michael farr, while we need this reduction in spending and i'm totally with you, we don't need this ham-handed kind of blunt instrument approach to figuring out the solutions to these problems. i mean, these guys have had all the time in the world to come up with the simpson-bowles and they just refuse to take responsible action. >> but they're not going to do that. it's funny, people talk about we need a solution that avoids the fiscal cliff but that solves our long-term problems. these things are mutually exclusive. we can't solve our problems without going over a cliff.
CNBC
Dec 27, 2012 7:00pm EST
went over the cliff from a tax point of view is install the tax structure from the clinton administration. >> we'll show people right now that you like homebuilders and you like retailers, right? put that up. heebner likes retail, home building, what's the third one? automobiles. >> all early-cycle stocks. i like these stocks because the economy is going to be -- has a multi-year period of growth ahead of us and the biggest driver is rising housing prices and increase in residential construction and apartments and single family. we have an increasing shortage of housing in this family and we cut the production of houses way below the household formation and the industry is going to -- the construction industry will grow and that's going to stimulate the economy because its multiplier affects it. the biggest single impediment has been the huge decline in housing prices for the last five years. >> this is the first time since 2006 -- 2012 would be the first time since 2006 that home prices actually rise from a year ago. so one little piece of good news tonight. guys, thanks s
Search Results 0 to 10 of about 11